Former Bank Branch For
For Sale
Contact for pricing
2617 Bragg Blvd, Fayetteville, NC 28303
1,920 SF former bank branch near Fayetteville Tech Community College.
Property Size1,920 SF
Price / SF$312.50
Days on Market1047
Property Features for 2617 Bragg Blvd
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Retail
Zoning
C1
Building Details
Year Built
1974
Buildings
1
Stories
1
Listing Agency:
Lee & Associates - Raleigh Durham
Listed By:
James Bailey · License #NC 311081
(336) 602-3022
Source:
Crexi
Added: Dec 7, 2023
Changed: Oct 4
Last Checked: Oct 19 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Raleigh Durham
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 1,920 square foot former bank branch. It is located adjacent to Fayetteville Tech Community College, which has 10,932 students. The property is surrounded by national retailers such as McDonald’s, Burger King, Domino’s, Krispy Kreme, and Circle K. A 7-Eleven is under construction nearby. The property is also near Cross Creek Mall, which has over 100 retailers.
Key Highlights
- High‑traffic location adjacent to Fayetteville Tech Community College.
- Surrounded by national retailers including McDonald’s, Burger King, Domino’s, Krispy Kreme, Circle K, and 7‑Eleven (under construction).
- Proximity to Cross Creek Mall, featuring over 100 retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,731
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,620
$554.6K
Cap Rate 7%
$396,157
$396.2K
Cap Rate 9%
$308,122
$308.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$39.2K $20.40/SF
− Vacancy
−$2.2K −$1.14/SF
EGI
$37.0K $19.26/SF
− OpEx
−$9.2K −$4.81/SF
NOI
$27.7K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,620
Cap Rate 7%
$396,157
Cap Rate 9%
$308,122
Alternative Uses
Best Use
Specialty Retail
$396.2K
$346.6K – $462.2K
NOI $27,731 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$420.8K
$368.2K – $490.9K
NOI $29,454 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 27%
Apparel 1%
Electronics 1%
Dollar Tree
Shops & Services
35,593 visits/mo
0.1 miles
Circle K
Shops & Services
13,642 visits/mo
0.3 miles
Burger King
Dining
9,377 visits/mo
0.2 miles
Bill's Cafe
Dining
7,412 visits/mo
0.3 miles
Domino's Pizza
Dining
2,683 visits/mo
0.3 miles
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - 1,920 SF former bank branch near Fayetteville Tech Community College.
Where is this bank located?
The property is located at 2617 Bragg Blvd Fayetteville, NC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑traffic location adjacent to Fayetteville Tech Community College.; Surrounded by national retailers including McDonald’s, Burger King, Domino’s, Krispy Kreme, Circle K, and 7‑Eleven (under construction).; Proximity to Cross Creek Mall, featuring over 100 retailers.
